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The Bitcoin price dropped 1% in the last 24 hours to trade at $87,332 as of 3:30 a.m. EST on trading volume that went down 9% to $26.31 billion.
The BTC price has seen strong fluctuations over the last few days as it attempted to breach the resistance at $88k, only to be rejected to the support at $86k. However, this could soon change, as the US government might make a move that could propel Bitcoin’s price higher than ever before.
🇺🇸 CONGRESSMAN BEGICH SAYS THE USA WILL BE BUYING 1 MILLION #BITCOIN SOON
IT’S COMING!!! pic.twitter.com/RgwPtMmxEX
— Vivek⚡️ (@Vivek4real_) March 26, 2025
This comes after US Congressman Nicholas Begich recently said in a speech that the US government is planning an acquisition of up to 1 million BTC. The crypto community expected this from the moment Trump established the Bitcoin reserve fund, and soon, it could send the coin’s price soaring.
Bitcoin Price Prediction
Despite the fact that a major surge might potentially be in Bitcoin’s near future, for the moment, the coin seems to have found stability. Its price has been relatively calm over the last six hours or so, which allowed its Bollinger Bands to tighten a bit after strong volatility seen in the last several days.
Tightening of the bands is typically seen as a bearish signal, but it is usually what happens when trading activity drops somewhat. This can also be seen from the fact that the project’s volume is down almost 10%, possibly suggesting that traders are waiting to see what might happen next.
BTC/USDT chart analysis (Source: TradingView)
Bitcoin’s Relative Strength Index (RSI) also saw major fluctuations in the last few days, but it now sits around the value of 50, with small fluctuations around it, mostly going up and down between 45 and 55.
Of course, stability rarely lasts for a long time when it comes to cryptocurrencies, and the Congressman’s statement could yet have a larger impact, especially when the US government starts buying the Bitcoin.
In other words, a major surge can still be expected to come in the near future, so investors might be HODLing for now, which would explain this new stability.
Promising Alternative To Bitcoin
While traders are currently unsure as to how to proceed with Bitcoin, they have no such reservations when it comes to BTC Bull Token (BTCBULL). This is a new meme coin that calls itself Bitcoin’s official meme coin, and its goal is to help pump Bitcoin’s price.
Essentially, the project believes that Bitcoin’s price-related achievements so far are only scratching the surface of its true potential and that someday, its value will exceed $1 million. The project has taken it upon itself to inspire investors to buy more Bitcoin and pump the crypto’s price to its true potential.
$4M raised. The BTCBULL army moves with force! 🐂💥 pic.twitter.com/ItDMWMvPC3
— BTCBULL_TOKEN (@BTCBULL_TOKEN) March 24, 2025
Along the way, the project also plans to make it rewarding for its own investors by airdropping free BTC to anyone who holds BTCBULL tokens at the time. BTCBULL itself has the potential for growth thanks to the fact that the project will burn certain portions of the token whenever the BTC price goes up by $25k. As for the airdrops, they will happen when BTC hits one of many milestones that BTCBULL has set up, such as $150k, $200k, $250k, and so on.
This is why its ICO has raised over $4.16 million since its February launch, and while its token is selling for $0.00243, experts like Danjo Capital Master, a crypto YouTuber with over 853k subscribers, believe that it has at least 50x potential.
Interested investors should buy BTCBULL before the next presale price hike in less than 24 hours.
Visit the BTC Bull Token website.
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